Longevity Risk and Capital Markets: The 2008-2009 Update
7 Pages Posted: 19 Mar 2009
Date Written: March 18, 2009
Longevity Four: The Fourth International Longevity Risk and Capital Markets Solutions Conference was held in Amsterdam on 25-26 September 2008. It was hosted by Netspar and the Pensions Institute (at Cass Business School), organised by PensionSummit and sponsored by Cardano, EIM, Nationale Nederlanden, and Robeco; IPE and Pensions & Investments were media partners. Mortality improvements around the world are putting more pressure on governments, pension funds, life insurance companies as well as individuals to deal with the longevity risk they face. At the same time, capital markets can, in principle, provide vehicles to hedge longevity risk effectively. Many new investment products have been created both by the insurance/reinsurance industry and by the capital markets. Mortality catastrophe bonds are an example of a successful insurance-linked security. Some new innovative capital market solutions for transferring longevity risk include survivor bonds, reverse mortgages, longevity-linked swaps and mortality (or q-) forward contracts. The aim of the International Longevity Risk and Capital Markets Solutions Conferences is to bring together academics and practitioners from all over the world to discuss and analyze these exciting new developments.
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